US500: Riding the Bull - Intraday Long Setup

US500 Bull Run Continues

The US500 is showing clear bullish momentum, pushing higher with a 0.33% gain today, currently trading around 6069.82. The trend is firmly in place, and as always, the trend is your friend. We've seen solid support hold around the 6040.09 mark, indicating strong buying interest on pullbacks. Broader market strength and a positive sentiment fuel this climb, giving us conviction for further upside.

Intraday Play: Long

I'm looking for an intraday long entry on the US500. My entry is set at 6063, aiming to catch the next leg up. This puts us just above that recent support and aligns with the bullish flow.

Risk Management & Targets

My Stop Loss is tight at 6027, placed strategically below the 6040.09 support to manage risk aggressively. On the upside, I'm targeting 6152 for Take Profit, just past the 6150 resistance level. Watching closely for that entry. Let's see if we can hit that target.